Question 4 (5 marks) Alice Duever purchased a put option on Australian dollar for...
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Question 4 (5 marks) Alice Duever purchased a put option on Australian dollar for US$0.0427 per unit. The strike price was US$0.83 and the spot rate at the time the Australian dollar option was exercised was US$0.763. Assume there are 10,000 units in an Australian dollar option contract. What was Alices net profit on the option?
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